Ã…ge Korsvold (born 8 April 1946) is a
Norwegian businessperson
A businessperson, also referred to as a businessman or businesswoman, is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial ...
and since 2006
chief executive officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
of
Kistefos.
He was born in
Oslo
Oslo ( or ; ) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of 1,064,235 in 2022 ...
.
He is educated in
business administration
Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization.
Overview
The administration of a business includes the performance o ...
from the
University of Pennsylvania
The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
in 1971. He started working for
Storebrand
Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, until 1999 and ...
in 1972 before becoming
chief financial officer
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, ...
in
Golden West Shipping Co. in 1976 and then in
Orkla Industrier in 1977. From 1983 to 1992 Korsvold was consultant in
Fondsfinans, and from 1992 to 1994 CEO of
Procorp. In 1994 he became CEO in
UNI Storebrand.
[
He played a central role under the failed ]merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...
negotiations between UNI Storebrand and Kredittkassen in 1997 and was also central in the acquisition plans for the Swedish-Finninsh MeritaNordbanken in the fall of 1999. In 2000 he was forced to resign, and was later reported by the Norwegian National Authority for the Investigation and Prosecution of Economic and Environmental Crime for illegal option trade.
He was chairman of the board of the Orkla Group briefly in 2000, as he was elected by the corporate council in September, but resigned after leaving Storebrand.[
]
References
1946 births
Living people
Wharton School alumni
Norwegian expatriates in the United States
Chief financial officers
Norwegian chief executives
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